Veer Wires Private Limited - Due diligence report

A 360° intelligence report on Veer Wires Private Limited: trust score, financial health, credit view, compliance, directors, growth and dist…

1995-08-16 Mumbai, Maharashtra Active Unlisted Active Compliant
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Veer Wires Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
66/100
Trust Score
Moderate

Veer Wires Private Limited is assessed as Moderate with a Trust Score of 66/100. Veer Wires Private Limited is an active private limited indian non-government company incorporated in 1995, operating in the Manufacturing sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.

Report generated on 13 Aug 2026 from the latest processed filings. Veer Wires Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
66/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 20/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).

Charges position: 6 open (8.81 cr) · 7 satisfied (5.17 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Abhyudaya Co-Operative Bank Limited8 48.0 cr
Others2 48.0 cr
Abhyudaya Co-Op. Bank Ltd.1 48.0 cr
Abyudhaya Co.Op. Bank Ltd.1 48.0 cr
Abhyudaya Co-Operative Bank Ltd.1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
KIRIT CHHABILDAS SHETH 01234567 Director 01/04/2018 6 yrs Approved
PANKAJ CHHABILDAS SHETH 01234567 Director 01/04/2018 6 yrs Approved
DEVAM PANKAJ SHETH 01234567 Director 01/04/2018 6 yrs Approved
RACHIT KIRIT SHETH 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2022 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
12 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 65
Growth signals & trust indicators
Operating for 30+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
6 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment34/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 8.81 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view45/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
27 Jul 2020
Charge created
Abhyudaya Co-Operative Bank Limited - 3.98 cr
27 Apr 2020
Charge satisfied
Others
31 Jan 2020
Charge created
Abhyudaya Co-Operative Bank Limited - 24.00 Lakh
Charge created
Abhyudaya Co-Operative Bank Limited - 3.50 cr
Charge created
Abhyudaya Co-Operative Bank Limited - 18.90 Lakh
Charge created
Abhyudaya Co-Operative Bank Limited - 5.50 Lakh
02 Apr 2019
Charge created
Others - 84.00 Lakh
21 Aug 2018
Securities allotted
3500 Equity Shares - 3.50 Lakh raised
Securities allotted
6750 Equity Shares - 6.75 Lakh raised
01 Jun 2016
Director appointed
KIRIT CHHABILDAS SHETH (Director)
Director appointed
DEVAM PANKAJ SHETH (Director)
11 Mar 2016
Securities allotted
1500.00 Equity Shares - 1.50 Lakh raised
Securities allotted
4500.00 Equity Shares - 4.50 Lakh raised
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 12 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Vikas Power Equipments Private Limited U29120UP1991PTC012977 Lucknow, Uttar Pradesh, India
Ions Hydro Private Limited U74899DL1987PTC027879 Delhi, Delhi, India
Digvijay Multiventures Private Limited U28991DL1982PTC076744 Delhi, Delhi, India
Slach Rubber Mac Private Limited U29295DL1991PTC045778 New Delhi, Delhi, India
Metamech Engineers Private Limited U74899DL1995PTC066042 Delhi, Delhi, India
Goverdhan Transformers Udyog Private Limited U40101UP1985PTC006945 Uttar Pradesh, Uttar Pradesh, India
Ions Filtech Private Limited U74899DL1994PTC060649 Delhi North East, Delhi, India
Powertec Supplies (India) Private Limited U31909DL1996PTC079105 New Delhi, Delhi, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Veer Wires Private Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Veer Wires Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 20/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Veer Wires Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Veer Wires Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Veer Wires Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Veer Wires Private Limited an active company?

Veer Wires Private Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Veer Wires Private Limited financially healthy?

Veer Wires Private Limited has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Veer Wires Private Limited?

Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Veer Wires Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Veer Wires Private Limited have loans or charges against its assets?

6 open charge(s) are registered against its assets, and 7 earlier charge(s) stand satisfied.

Is Veer Wires Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Veer Wires Private Limited?

Its Credit Risk Score is 20/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.